All Forum Posts by: Ryne Sweeney

@jonpuente thanks for the response! Can you clarify whether dscr loans always require seasoning or do some base their decision on potential market rents ? Or is that simply lender dependent?

You can do a rate and term refi with no seasoning as long as there is a tangible benefit i.e. lower payment, no balloon payment, or lower rate...

If you pull cash out then lenders require 6 months seasoning.

You will have a lower LTV limit if the property is unrented as well. Keep that in mind. For reference a 80% LTV DSCR refinance could start in the 9%+ range.

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Yeah I know Im replying late, but I have a couple of lenders that do 15% down on an investment purchase. The rate is not pretty but it can be down to get started.

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Bakersfield, California

Quote from @Chris Morris:

Hello. I am looking to open a HELOC on an investment property in Los Angeles. Any referrals for who to go to? Thanks!

I have someone that told me they are doing a 2nd on investment properties right now. They are in orange county

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Los Angeles County, California

Quote from @Angie Williams:

I have had both Property Shark and Geodata in thr past. im looking for any opinions on which you prefer? If not thesd particular sites, any suggestions on other sites very much similar to these woukd be great. The are costly so I want to subscribe to the best one. I may have to raise the rent in a couple of units to afford the monthly subscription. But, I believe it’s well worth it. Im j/k about raising the rent, although I wish that was a viable reason to do so lol.

Did you go with either of these? I am looking at Geodata Plus right now. I know you posted this 4 years ago, but I figure I'd give it a shot!

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Quote from @Gerald Perez:

Hello BP!

I'm looking to connect with a mortgage lender/broker that has experience with the investing side of RE in Los Angeles County.

I also need someone that can accommodate Spanish speaking. I know other lenders but I am really looking for someone within the BP family.

Thank you so much!

- Gerald

Hi Gerald,

I can help. We're local based in Playa Vista. He going full doc or cash flow?

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Los Angeles County, California

All Forum Posts by: Ryne Sweeney

Ryne Sweeney has started 1 posts and replied 15 times.

Post: Refinancing out of hard money options w/o W2

Post: Any lenders able to do airbnb loans for less than 20% down?

Post: who offers HELOC on investment property in Los Angeles

Post: Geodata? Property Shark? Suggestions!

Post: In Need of Mortgage Broker/Lender ASAP